We asked Ciesielski some followup questions on this subject as well, detailed further here.

If you want to learn more about IFRS, join us at FEI's June 5th IFRS conference in NYC: "The World Is Moving To IFRS - Are You?" Confirmed speakers and moderators include Ciesielski and a number of leading auditors, preparers and other experts, featuring a keynote address by John White, SEC's Director of the Division of Corp Fin. BNA is the exclusive sponsor of the conference. Read more about the conference here.